Ample oil production, particularly in the U.S., and tepid demand growth have sent crude oil prices plunging in recent months. (wsj.com)
Since crude oil prices plunged in 2014 in the face of oversupply, deals have been fitful, with large players such as Schlumberger and Technip buying smaller rivals. (fortune.com)
OPEC agreed to extend the current cuts for nine months until March 2018 in what was a widely expected decision that sent oil prices plunging as investors hoped for more. (oilprice.com)